UTV confirms departure of motion pictures head

MUMBAI: Media company UTV has confirmed 

the report carried by (UTV) that Sanjay Bhattacharjee, the chief operating officer of its motion picture division, is indeed parting with the firm. An official release issued by UTV says "the departure was mutual and on cordial terms."

The earlier report had quoted Bhattacharjee as saying "that UTV Motion Pictures - an independent company - will account for 30 to 50 per cent of the organisation?s revenues in the forthcoming year."

UTV however disputes that and has issued a clarification saying that UTV's motion pictures division forms "less than three per cent" of the company's revenue.

"However, UTV plans to take that up to 15-20 per cent of the total company revenue mix in the next two to three years," states the release.

It adds that while UTV has primarily concentrated on TV, animation, post production and its allied content, it now plans to shift focus to the motion picture business and multiple revenues ranging from production of domestic movies to international co-productions, distribution and formation of a film fund. 

(updated at 4:45 pm, 2 May 2003)

Bhattacharjee has stood by his original statement stating that UTV Motion Pictures has two major films in 2003-04 - Shah Rukh Khan's Chalte Chalte and JP Dutta's multi-starrer LOC (Line of Control). 

In 2004-05, he says that there is Ashutosh Gowariker's Swadesh (with Shah Rukh Khan and music director AR Rahman) and Dil Chahta Hai fame Farhan Akhtar's Lakshya (with Amitabh Bachchan and Preity Zinta). 

Revenues from these four mega-budget films would definitely add to the topline and bottomline of UTV Motion Pictures, says Bhattacharjee. He refers to an article in prominent business daily dated 21 March 2003 in order to substantiate his claims. 

Bhattacharjee, however, makes the point that revenues from these movies should not be confused with net realisations to the company.

See related story:

UTV Motion Pictures COO Bhattacharjee resigns

Latest Reads
Mumbai Team franchisee owner unable to meet financial obligations towards Zee Maharashtra Kushti Dangal

Mr. Pranav Rajesh Dake, owner of Zee Maharashtra Kushti Dangal’s Mumbai team – Mumbai Astra has regrettably been unable to meet the financial obligations towards Zee Maharashtra Kushti Dangal (ZMKD), its players and technicians.

Television TV Channels Viewership
Zee TV gets ratings boost from Zee Rishtey Awards

Zee TV's recently concluded annual awards property, Zee Rishtey Awards, clocked the highest viewership ratings across award shows that took place in the last two years. As per the recently released BARC HSM weekly data (Urban + Rural) for the week 44 '18, it secured a viewership of 5495 TVTs, which...

Television TV Channels Viewership
No changes in Kannada, Marathi segments in BARC data week 44

In the Bengali space, Colors Bangla and Sony Aath swapped their fourth and fifth positions in BARC data week 44. News18 Bihar Jharkhand emerged as the new player in the market by securing fifth position. No changes were observed in the Kannada and Marathi segments.

Television TV Channels Viewership

Launched on November 19, 2014, EPIC celebrates the completion of four years on air, in which it has set aspirational benchmarks for Indian TV content.

Television TV Channels Music and Youth
Celebrating 100 years of Bengali cinema, Viacom18 and Film Heritage Foundation bring the 4th Film Preservation & Restoration Workshop to Kolkata

In line with the centenary celebration of the Bengali Film Industry, and with a purpose to encourage and give an impetus to film preservation and restoration, the 4th edition of Film Preservation & Restoration Workshop India (FPRWI) 2018 was today inaugurated at Kolkata’s Rabindra Sadan.

Television TV Channels News Broadcasting
Vimal Elaichi Pan Masala enters top 5 most advertised brands in BARC week 45

The Broadcast Audience Research Council (BARC) India has released its data for top advertisers and brands between 27 October-02 November 2018. The data is a reflection of top 10 advertiser and brands across genre on Indian television (U+R) : 2+ Individuals. The data demonstrates ads that were...

Television TV Channels Viewership
Zee Anmol back on top of Hindi channels across genres

Zee Entertainment Enterprises Ltd's (Zeel) free to air (FTA) Hindi GEC Zee Anmol was back to second rank in Broadcast Audience Research Council of India’s (BARC) weekly list of top 10 channels across genres in week 45 of 2018 (Saturday, 3 November 2018 to Friday, 9 November 2018, week under review...

Television TV Channels Viewership
MNX to premiere supernatural fright flick, ‘Wish Upon’

MNX, the preferred movie channel of the millennials, will premiere, American supernatural horror film, ‘Wish Upon’ for the first time on Indian television.

Television TV Channels English Entertainment
Hill+Knowlton Strategies India wins communication mandate for Discovery India

After a competitive multi-agency pitch, Hill+Knowlton Strategies, one of India’s premier communications consultancies

Television TV Channels English Entertainment

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories